Spending your enormous profits on tax-deductible R&D in the name of empire-building sounds a lot more appealing when most of your obscene executive salary or dividend payout would go to the IRS.

That was pretty good incentive to pipeline money to Bell Labs or the PARC: http://www.slate.com/blogs/moneybox/2012/07/24/xerox_parc_an...

And look where that got us.